Business, 11.04.2020 03:25 kaffolter25

Lucas had a life insurance policy on his own life for $200,000 with a cash value of $24,000 . The $1,687 premium was due annually on June 1 . However, Lucas was in the hospital from May 16 through June 3, and the life insurance premiums were not paid. Lucas's brother realized that the premium had not been paid and sent the funds to the insurance company on June 11 . Lucas died on June 24 . Which of the following statements is true?
a. Lucas's beneficiary will receive nothing from this policy.
b. Lucas's beneficiary will receive only the $24,000 cash value from this policy.
c. Lucas's beneficiary will receive $200,000.
d. Lucas's beneficiary will receive $224,000.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:40

Which of the following is most likely to lead to a general decrease in wages? a. elastic demand b. public goods c. an economic recovery d. immigration 2b2t

Answers: 1

Answer

Business, 22.06.2019 06:40

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

Answers: 3

Answer

Business, 22.06.2019 17:00

Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting

Answers: 3

Answer

Business, 22.06.2019 23:30

Sally has a high-paying management position with a fortune 500 company, but she is tired of working for corporate america. so sally has decided to start a business, and she knows she will be successful as an entrepreneur because entrepreneurs typically

Answers: 3

Answer

You know the right answer?

Lucas had a life insurance policy on his own life for $200,000 with a cash value of $24,000 . The $1...

Questions